Monday, March 28, 2011

Option Flow Recap March 28th

UUPPowerShares DB US Dollar Index Bullish – Bullish play on the dollar with 5000 September 23 calls bought for $0.29

more after the jump

Consumer

GTThe Goodyear Tire & Rubber Company – 2000 of the April 13 puts were bought for $0.10. The investor appears to be expecting further downside in the weeks to come.

LTDLimited Brands, Inc. – Nearly 5000 August 33 puts were bought to open for $3.10 in a multi-exchange sweep. There is no news on the stock today, but the August puts do capture earnings on due mid-May.

HLX Helix Energy Solutions Group Inc. – Nearly 4000 April 18 calls were bought to open for $0.30 in a multi-exchange sweep. The company has been the subject of takeover speculation recently. These calls are 6.7% out of the money with 18 days left to expiration.

EXC Exelon Corporation – 10,000 April / May 42 call spreads were bought for $0.35. Appears to be an opening trade.

Tech

T AT&T Inc. – 50,000 July 33 calls traded at $0.06.

CERN Cerner Corporation – 3600 April / June 110 put spreads were bought for $3.50. Earnings are expected after the April expiration.

Followers

This is trade analysis, not a recommendation.

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